Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of (a) maintaining the existing five pence per litre reduction in fuel duty, (b) cancelling planned increases in fuel duty in 2027 and (c) removing the automatic uprating of fuel duty in line with the Retail Prices Index.
The Government has taken action to support households and businesses with their fuel costs, in response to the conflict in the Middle East. At Budget, the Government announced it is extending the temporary 5p per litre (ppl) fuel duty cut for a further six months to 1 July 2027. The Government is also deferring the planned Retail Prices Index (RPI) increase to 1 July 2027.
Recognising the importance of the haulage sector, a12-month vehicle excise duty (VED) holiday for the majority of heavy goods vehicles is also in place. Eligible HGVs will pay just £1 when they licence between 1 July 2026 and 30 June 2027. For a typical 44-tonne 6-axle articulated lorry, this will save £600.